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Lithium: Codelco and SQM define initial joint steps to follow, process includes reserved dialogue



Codelco argued that there would be a period of pending dialogue in the process to facilitate successful negotiations with SQM in this case, with relevant milestones to be published later in a timely manner.

Chairman of the Board of Directors Codelco , Maximo Pacheco.and general manager Square meter Ricardo Ramos met and officially started negotiations between the two companies.

Within the framework of National lithium strategy The bill calls for Chile’s direct participation in the lithium production project in the Atacama salt flats.

Codelco said the dialogue would consider relevant issues such as “ensuring the sustainability of the salt flats, strengthening ties with local communities and communities, and introducing advanced technology in the development of the minerals in harmony with environmental protection.” said it was intended. Above all.

“We discussed the challenges facing the mining industry around the world: high environmental, social and safety standards. Governance Subject to Negotiation”, Pacheco’s comments quoted in the statement.

Based on these criteria he added that “We will build a public-private partnership to give continuity to production activities on the Atacama salt flats.”

“As long as it takes time”

According to the chairman of the board of the state-owned company, This process will continue for as long as necessary to design a business model that will bring the greatest benefit to Chile, and Minera Talar will continue this process. A recently established subsidiary by the Copper Company will act as the administrator.

If an agreement is reached with SQM, it must be submitted for approval by Codelco’s Board of Directors and Corfo’s Board of Directors.

“We hope that this negotiation will be successful, Strengthen Chile’s leadership in global lithium production.” Pacheco pointed out.

To promote the success of the negotiations, the president of the state-owned enterprise stressed: The period of the scheduled conversation will begin and its associated milestones will be published in a timely manner.

“Increasing lithium production at the Atacama salt flats is a strategic goal for Codelco and Chile because it is the greatest contribution we can make as a country to the energy transition the world is pushing to face global warming and climate change. ” emphasized Pacheco.

Source: Biobiochile

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